Nigeria Exchange
News
About Us Advertise NgEX.com News Business Addresses Nigeria Events Newspapers Newsletter More
Search Nigeria Sites & Businesses Search Tips


 
News General Sports Business Odd / Funny Tech Entertainment Articles Author Login Comments More Categories Author List
 
 
Email A Friend  |   Print
 


x
93.9 per cent of Nigerians considered themselves to be poor in 2010 - National Bureau of Statistics
| February 15, 2012
The “Nigeria Poverty Profile Report 2010’’ from the National Bureau of Statistics (NBS), was recently presented at a news conference and the Statistician-General of the Federation, Mr Yemi Kale, addressed the media and gave some highlights of the report. In his presentation, the Statistician-General spoke about the widening gap between the rich and the poor in Nigeria despite the fact that the Nigerian economy continues to grow. He said, "It remains a paradox that despite the fact that the Nigerian economy is growing, the proportion of Nigerians living in poverty is increasing every year. The National Bureau of Statistics estimates that this trend may have increased further in 2011 if the potential positive impacts of several anti-poverty and employment generation intervention programmes are not taken into account," Highlights of the report include: - Absolute Poverty: 54.7% of Nigerians were living in poverty in 2004 but this increased to 60.9% (or 99,284,512 Nigerians) in 2010. (defined in terms of the percentage of Nigerians with the minimal requirements necessary to afford minimal standards of food, clothing, healthcare and shelter) - Relative Poverty: In 2004, Nigeria’s relative poverty measurement stood at 54.4%, but increased to 69% (or 112,518,507 Nigerians) in 2010 (defined by reference to the living standards of majority in a given society.) - 51.6% of Nigerians were living below US$1 per day in 2004, but this increased to 61.2% in 2010. - 75.5% of Nigerians considered themselves to be poor in 2004, and this increased to 93.9% in 2010 - The top 10% income earners were responsible for about 43% of total consumption expenditure, the top 20% were responsible for about 59% of total consumption expenditure and the top 40% were responsible for about 80% of total consumption expenditure The “Nigeria Poverty Profile Report’’ is derived from the Harmonized Nigeria Living Standard Survey which the NBS periodically conducts and is used, amongst other things, to determine poverty and inequality trends in Nigeria. View the full press release

(1) Comment


Comments

"The views and opinions expressed in these comment(s) or article(s) do not necessarily reflect the views or opinions of NGEX, its partners or its affiliates."
OMOTAYO, J. A.    Lagos, NIGERIA    February 20, 2012
If 10%, 20% and 40% high income earners use 43%, 59% and 80% of total expenditure, that will be a good news for me. I think Nigeria will be like America with such a distribution. I may not know whether the sampling is biased to favour the government. All I know is that only 469 members of the National Assembly or 0.00028% of the population get N0.51bn out of N4.5bn or 11.33% of federation budget.

The presidency alone is on N1.0bn/yr or N2.74million (i.e. $16,604.40) peq day on food. The presidency consumes equivalent of 16,604 consumption levels of those living on $1/day. My Arithmetic (not Statistics) puts the above at 1/16,604 or 0.006%. The year 2004 benchmark is itself a biased one.

Why not May 1999 when democracy started? Why not year 2002 to make the duration a decade? I leave the rest for others to judge. God save Nigeria.
Results » 1-1 of 1      Result Page »  <   1  >

More News »
 
follow NgEX on Facebook
 
Submit An Article
 
"Press Releases"    More »
IS THIS TRULY MUTINY?????????
Abiodun Idris | December 22, 2014
Greatest Nigeria students and masses of our dear country. I want to start this write up by saluting...
Submit A Press Release »
 
News / Comments   More »
Debts: What you should know as a Nigerian entrepreneur
February 25, 2016 | Gary Crenshaw | 1 posts
It is normal for businesses to owe money at the beginning of a business. That's what separates entrepreneur...  Post comment »
10 Lucrative Business Opportunities in Nigeria
December 03, 2015 | OJOMA THOMAS | 3 posts
How can I start a snails business,fairly used clothes and a poultry7071  Post comment »
 
 
Article / Comments   More »
Abani, Emeagwali, Oyibo: Trouble in Nigerian Paradise
April 29, 2013 |  Ojonimi Adegbe | 1 posts
Great article. I think this should be placed more out there for people to read and if possible for the...  Post comment »
Building a new Nigeria
December 14, 2014 |  Sweet banana | 1 posts
Hallo Mr. Alexander, you began your essay with a litany of ills that plague Nigeria. I would like to...  Post comment »
Debunking The Fallacies In “Vision for Sustained Prosperity in Nigeria” - Part 1
January 12, 2015 |  Ibidun | 2 posts
These arguments are baseless and do not represent the true position of things  Post comment »
 
Poll
 
Submit An Article
 
 
   
     
 
Copyright © 2005 -2013 NgEX. All rights reserved.